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Malaysia's tertiary education system faces challenges with skills mismatch and low pay, prompting five policy recommendations to enhance graduate employability and human capital development.
Slides
Slide Presentation (9 slides)
Key Points
- The report examines challenges Malaysian graduates from local higher education institutions encounter during their transition from education to work, as well as their career progression over time
- Key policy recommendations include: improving measurement and monitoring of graduate employment outcomes, strengthening active labour market policies, promoting greater inclusion through passive labour market policies, enhancing the entrepreneurial ecosystem, and accelerating demand-side initiatives and regulations
- The report highlights deeper structural issues surrounding skills mismatch and dismal starting pay affecting Malaysia's skilled talents amidst challenging economic conditions
- The education sector is critical in cultivating first-class human capital and creating social mobility, as well as being an engine of growth
- The rapid expansion of tertiary education since the 1980s has enlarged the pool of tertiary-educated workforce, yet challenges persist with graduates accepting employment not aligned with their qualification and study field or resorting to non-standard work
Summaries
21 word summary
Malaysia's tertiary education faces skills mismatch and low pay. Five policy recommendations aim to improve graduate employability and human capital development.
48 word summary
Malaysia's tertiary education faces challenges as graduates accept misaligned jobs or non-standard work. This report examines the transition from education to work and career progression, highlighting skills mismatch and low pay. Five policy recommendations aim to improve graduate employability and support Malaysia's human capital development and economic growth.
112 word summary
Tertiary education is crucial for Malaysia's human capital development, but challenges persist as graduates accept jobs misaligned with their qualifications or resort to non-standard work. This report examines the transition from education to work and career progression of Malaysian graduates. Key findings highlight skills mismatch and low starting pay affecting skilled talents amidst economic conditions. Five policy recommendations are proposed: 1) Improving measurement and monitoring of graduate employment outcomes; 2) Strengthening active labor market policies; 3) Promoting greater inclusion through passive labor market policies; 4) Enhancing the entrepreneurial ecosystem; and 5) Accelerating demand-side initiatives and regulations. These recommendations aim to enhance graduate employability and support Malaysia's human capital development and economic growth.
425 word summary
Tertiary education is crucial for Malaysia's human capital development and economic growth. However, challenges persist as a growing number of graduates accept employment that does not align with their qualifications or resort to non-standard work.
This report examines the challenges Malaysian graduates from local higher education institutions face during their transition from education to work, as well as their career progression over time. It encompasses a cohort study of fresh and experienced graduates who have completed their studies in the last decade. The findings highlight deeper structural issues surrounding skills mismatch and low starting pay affecting Malaysia's skilled talents amidst challenging economic conditions.
Five key policy recommendations are proposed:
1. Improving the measurement and monitoring of graduate employment outcomes, including employment quality, career progression, and regular review of curriculum over time.
2. Strengthening the existing active labour market policies, through better quality internship and apprenticeship programmes as well as a centralized infrastructure for the job search process.
3. Promoting greater inclusion through passive labour market policies, by increasing coverage and benefits and ensuring adequate social protection and overall support for vulnerable groups.
4. Enhancing the supportive and integrated entrepreneurial ecosystem, consisting of tailored support for different types of entrepreneurs and high-value creation, especially among TVET entrepreneurs.
5. Accelerating the progress of demand-side initiatives and regulations, encompassing high-skilled and well-paying job creation, a fair and decent wage guideline, improved job matching efficiency, and a stronger link between the demand and supply of skilled talents.
These policy recommendations seek to strengthen existing initiatives and contribute to enhancing Malaysia's graduate employability and long-term employment outcomes.
The report highlights the critical role of the education sector in cultivating first-class human capital and creating social mobility, as well as its function as an engine of growth. The rapid expansion of tertiary education since the 1980s has enlarged the pool of tertiary-educated workforce, but challenges persist with a growing number of graduates accepting employment that is not aligned with their qualification and study field or resorting to non-standard work.
The findings from the cohort study of fresh and experienced graduates provide valuable insights into the deeper structural issues affecting Malaysia's skilled talents. The report emphasizes the need for a comprehensive approach to address the challenges, including improving the measurement and monitoring of graduate employment outcomes, strengthening active and passive labour market policies, enhancing the entrepreneurial ecosystem, and accelerating demand-side initiatives and regulations.
By implementing these policy recommendations, the report aims to contribute to enhancing Malaysia's graduate employability and long-term employment outcomes, ultimately supporting the country's human capital development and economic growth.